Renault's Revenue Rises in 1st Quarter, Confirms 2017 Targets
27 Avril 2017 - 6:57PM
Dow Jones News
By Eric Sylvers
Renault SA said Thursday that its revenue rose by a quarter as
the French car maker increased car sales and consolidated results
for the first time from a Russian unit.
Revenue for the three months to the end of March climbed to
13.13 billion euros ($14.27 billion) from 10.49 billion euros in
the same period last year. Car sales in the quarter advanced 16% to
873,678 vehicles.
Stripping out Autovaz, revenue rose about 20%.
Renault, which said it sees the European car market expanding 2%
this year, confirmed its 2017 financial targets, which include
increasing revenue and operating profit compared with last
year.
Write to Eric Sylvers at eric.sylvers@wsj.com
(END) Dow Jones Newswires
April 27, 2017 12:42 ET (16:42 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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